It appears they are issuing private bonds to finance the construction. If they sell enough of them in a short amount of time, and they have their construction drawings complete or near complete (which recent posts on this forum allude to), it's reasonable to accept that they might start construction by December. Remember, there are still four months left in the year.
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"Then each time Fleetwood would be not so much overcome by remorse as bedazzled at having been shown the secret backlands of wealth, and how sooner or later it depended on some act of murder, seldom limited to once."
Against the Day, Thomas Pynchon
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